74 + Mcqs in Macroeconomic Issues & Analysis Mcqs Page 2 McqOptions

51.	The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?
A.	balance of payments on current account
B.	visible trade balance
C.	balance of trade
D.	balance of payments
Answer» B. visible trade balance

Discussion

52.	Classifying discouraged workers as unemployed would ?
A.	not change the unemployment rate
B.	decrease the unemployment rate
C.	increase the unemployment rate
D.	have an indeterminate impact on the unemployment rate
Answer» D. have an indeterminate impact on the unemployment rate

Discussion

53.	The record of country’s imports and exports of goods is called its ?
A.	balance of trade:
B.	balance of payments
C.	balance of payments on current account
D.	visible trade balance
Answer» E.

Discussion

54.	If VAT rates rise, then costs are likely to ___ and demand is likely to ____?
A.	rise; rise
B.	rise; fall
C.	fall; fall
D.	fall; rise
Answer» C. fall; fall

Discussion

55.	In a fixed exchange rate regime, the central the exchange rate ?
A.	selling, increase
B.	buying reduce
C.	selling, reduce
D.	buying increase
E.	C and D
Answer» F.

Discussion

56.	The labour force can be defined as ?
A.	Those who could claim benefit if they were to become unemployed.
B.	The population between school leaving age and retirement age.
C.	anyone who is working or actively seeking work
D.	Those of working age who are seeking work and are available to for work at current wage rates.
Answer» E.

Discussion

57.	Reducing inflation is a more important objective than economic growth is an example of ?
A.	Normative economics
B.	Positive economics
C.	Objective economics
D.	Reality economics
Answer» D. Reality economics

Discussion

58.	When the $/£ exchange rate rises the pound _____ and when the $/£ rates falls the pound ________?
A.	depreciates, appreciates
B.	revalues, devalues
C.	appreciates, depreciates
D.	becomes more expensive becomes cheaper
Answer» D. becomes more expensive becomes cheaper

Discussion

59.	Which of the following is not likely to be government objective ?
A.	Increasing employment
B.	Increasing economic growth
C.	Increasing government spending
D.	Increasing the level of exports
Answer» B. Increasing economic growth

Discussion

60.	If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?
A.	rise; falls; rise; deficit
B.	falls; rises; falls; surplus
C.	falls; falls; falls; surplus
D.	is static; low; rises; deficit
Answer» E.

Discussion

61.	If the economy is in the though phase of the business cycle, aggregate demand ____ unemployment ______ inflation ______ and the current account of the balance of payments is likely to move towards ________?
A.	falls; falls; falls; surplus
B.	falls; rises; falls; surplus
C.	is static; low; rises; deficit
D.	rises; falls; rises; deficit
Answer» B. falls; rises; falls; surplus

Discussion

62.	If Pakistan’s incomes rise faster than those in most other countries the the exchange value will tend to ?
A.	fluctuate more than it would do otherwise
B.	appreciate
C.	depreciate
D.	not be affected
Answer» D. not be affected

Discussion

63.	If a large car importer in the Pakistan wants to import many cars, then the exchange value of the Pak rupees will tend to ?
A.	fluctuate more than it would do otherwise
B.	appreciate
C.	depreciate
D.	not be affected
Answer» D. not be affected

Discussion

64.	The percentage of the labour force that is unemployed is the ?
A.	Unemployment population ratio.
B.	Unemployment rate
C.	employment rate
D.	Labour force rate.
Answer» C. employment rate

Discussion

65.	If the Pakistan takes part in a war in the Middle East, then the exchange value of its currency will tend to ?
A.	depreciate
B.	not be affected
C.	fluctuate more than if it were at peace
D.	appreciate
Answer» B. not be affected

Discussion

66.	If the exchange rate between the UK and Japan changes from £1 = 100 yen to £1 = 150 yen then ceteris paribus, the price of UK goods in Japan ?
A.	will remain the same
B.	will decrease
C.	will increase
D.	could either increase of decrease
Answer» D. could either increase of decrease

Discussion

67.	The record of country’s imports and exports of goods and services is called its ?
A.	visible trade balance
B.	balance of trade
C.	balance of payments on current account
D.	balance of payments.
Answer» C. balance of payments on current account

Discussion

68.	The situation when a country imports more than it exports is ?
A.	a recession
B.	a trade surplus
C.	a trade deficit
D.	an expansion.
Answer» D. an expansion.

Discussion

69.	The record of a county’s transfers of shareholding property and bank deposits to and from abroad is called its ?
A.	financial account on the balance of payments.
B.	balance of payments
C.	balance of payments on current account
D.	capital account of the balance of payments
Answer» B. balance of payments

Discussion

70.	Which of the following is macroeconomic issue ?
A.	The price of houses in karachi
B.	The wage rate for plumbers in Islamabad
C.	Your decision to work or stay at home
D.	The level of unemployment is pakistan
Answer» D. The level of unemployment is pakistan

Discussion

71.	An economy that trades with and has financial dealing with other countries is called a/an ________ economy?
A.	free-trade
B.	autarkic
C.	open
D.	mixed
Answer» D. mixed

Discussion

72.	Which of the following is not involved with fiscal policy ?
A.	Income tax
B.	National insurance
C.	VAT
D.	Interest insurance
Answer» B. National insurance

Discussion

73.	Which of the following is a policy instrument as opposed to a government objective ?
A.	lower interest rates
B.	A better balance of trade position
C.	Faster economic growth
D.	Lower unemployment
Answer» E.

Discussion

74.	Which of the following is not a macroeconomic issue ?
A.	Unemployment
B.	Inflation
C.	The wages paid to footballers
D.	Economic growth
Answer» E.

Discussion

Explore topic-wise MCQs in Economics Mcqs.

The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

Classifying discouraged workers as unemployed would ?

The record of country’s imports and exports of goods is called its ?

If VAT rates rise, then costs are likely to _ and demand is likely to __?

In a fixed exchange rate regime, the central the exchange rate ?

The labour force can be defined as ?

Reducing inflation is a more important objective than economic growth is an example of ?

When the $/£ exchange rate rises the pound _ and when the $/£ rates falls the pound ____?

Which of the following is not likely to be government objective ?

If the economy is at the peak of the business cycle, aggregate demand unemployment _ inflation _ and the current account of the balance of payments is likely to move towards ___?

If the economy is in the though phase of the business cycle, aggregate demand unemployment inflation and the current account of the balance of payments is likely to move towards ____?

If Pakistan’s incomes rise faster than those in most other countries the the exchange value will tend to ?

If a large car importer in the Pakistan wants to import many cars, then the exchange value of the Pak rupees will tend to ?

The percentage of the labour force that is unemployed is the ?

If the Pakistan takes part in a war in the Middle East, then the exchange value of its currency will tend to ?

If the exchange rate between the UK and Japan changes from £1 = 100 yen to £1 = 150 yen then ceteris paribus, the price of UK goods in Japan ?

The record of country’s imports and exports of goods and services is called its ?

The situation when a country imports more than it exports is ?

The record of a county’s transfers of shareholding property and bank deposits to and from abroad is called its ?

Which of the following is macroeconomic issue ?

An economy that trades with and has financial dealing with other countries is called a/an ________ economy?

Which of the following is not involved with fiscal policy ?

Which of the following is a policy instrument as opposed to a government objective ?

Which of the following is not a macroeconomic issue ?

Explore topic-wise MCQs in Economics Mcqs.

The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

Classifying discouraged workers as unemployed would ?

The record of country’s imports and exports of goods is called its ?

If VAT rates rise, then costs are likely to ___ and demand is likely to ____?

In a fixed exchange rate regime, the central the exchange rate ?

The labour force can be defined as ?

Reducing inflation is a more important objective than economic growth is an example of ?

When the $/£ exchange rate rises the pound _____ and when the $/£ rates falls the pound ________?

Which of the following is not likely to be government objective ?

If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?

If the economy is in the though phase of the business cycle, aggregate demand ____ unemployment ______ inflation ______ and the current account of the balance of payments is likely to move towards ________?

If Pakistan’s incomes rise faster than those in most other countries the the exchange value will tend to ?

If a large car importer in the Pakistan wants to import many cars, then the exchange value of the Pak rupees will tend to ?

The percentage of the labour force that is unemployed is the ?

If the Pakistan takes part in a war in the Middle East, then the exchange value of its currency will tend to ?

If the exchange rate between the UK and Japan changes from £1 = 100 yen to £1 = 150 yen then ceteris paribus, the price of UK goods in Japan ?

The record of country’s imports and exports of goods and services is called its ?

The situation when a country imports more than it exports is ?

The record of a county’s transfers of shareholding property and bank deposits to and from abroad is called its ?

Which of the following is macroeconomic issue ?

An economy that trades with and has financial dealing with other countries is called a/an ________ economy?

Which of the following is not involved with fiscal policy ?

Which of the following is a policy instrument as opposed to a government objective ?

Which of the following is not a macroeconomic issue ?

If VAT rates rise, then costs are likely to _ and demand is likely to __?

When the $/£ exchange rate rises the pound _ and when the $/£ rates falls the pound ____?

If the economy is at the peak of the business cycle, aggregate demand unemployment _ inflation _ and the current account of the balance of payments is likely to move towards ___?

If the economy is in the though phase of the business cycle, aggregate demand unemployment inflation and the current account of the balance of payments is likely to move towards ____?